Fidelity Water Sustainability Fund Market Value
| FLOWX Fund | USD 18.63 0.08 0.43% |
| Symbol | Fidelity |
Fidelity Water 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Fidelity Water's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Fidelity Water.
| 10/04/2023 |
| 11/27/2024 |
If you would invest 0.00 in Fidelity Water on October 4, 2023 and sell it all today you would earn a total of 0.00 from holding Fidelity Water Sustainability or generate 0.0% return on investment in Fidelity Water over 420 days. Fidelity Water is related to or competes with Materials Portfolio, and Materials Portfolio. Normally the fund invests at least 80 percent of assets in securities of water sustainability companies More
Fidelity Water Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Fidelity Water's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Fidelity Water Sustainability upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7724 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 3.97 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.33 |
Fidelity Water Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fidelity Water's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fidelity Water's standard deviation. In reality, there are many statistical measures that can use Fidelity Water historical prices to predict the future Fidelity Water's volatility.| Risk Adjusted Performance | 0.0457 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0498 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fidelity Water's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Fidelity Water Susta Backtested Returns
At this stage we consider Fidelity Mutual Fund to be very steady. Fidelity Water Susta secures Sharpe Ratio (or Efficiency) of 0.0786, which denotes the fund had a 0.0786% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Fidelity Water Sustainability, which you can use to evaluate the volatility of the entity. Please confirm Fidelity Water's Mean Deviation of 0.6735, coefficient of variation of 1706.43, and Downside Deviation of 0.7724 to check if the risk estimate we provide is consistent with the expected return of 0.0662%. The fund shows a Beta (market volatility) of 0.78, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fidelity Water's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fidelity Water is expected to be smaller as well.
Auto-correlation | 0.58 |
Modest predictability
Fidelity Water Sustainability has modest predictability. Overlapping area represents the amount of predictability between Fidelity Water time series from 4th of October 2023 to 1st of May 2024 and 1st of May 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Fidelity Water Susta price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Fidelity Water price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Fidelity Water Susta lagged returns against current returns
Autocorrelation, which is Fidelity Water mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Fidelity Water's mutual fund expected returns. We can calculate the autocorrelation of Fidelity Water returns to help us make a trade decision. For example, suppose you find that Fidelity Water has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Fidelity Water regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Fidelity Water mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fidelity Water mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fidelity Water mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Fidelity Water Lagged Returns
When evaluating Fidelity Water's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fidelity Water mutual fund have on its future price. Fidelity Water autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Fidelity Water autocorrelation shows the relationship between Fidelity Water mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Fidelity Water Sustainability.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Fidelity Mutual Fund
Fidelity Water financial ratios help investors to determine whether Fidelity Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fidelity with respect to the benefits of owning Fidelity Water security.
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